Negotiable Instruments Act 1881 Quiz

Cheques, Treasury bills, and share warrants

Promissory notes, bills of exchange, and cheques (correct)

Bills of exchange, bank drafts, and certificates of deposit

Promissory notes, bank drafts, and commercial paper

By mere delivery only

By endorsement and delivery only

By mere delivery if it is a bearer or by endorsement and delivery if it is an order one (correct)

By endorsement and delivery if it is a bearer or by mere delivery if it is an order one

An instrument in writing containing an unconditional undertaking to pay a certain sum of money not affected by any defect in the title of any prior party

An instrument in writing containing an unconditional undertaking to pay a certain sum of money to anyone who takes it bonafide

An instrument in writing containing an unconditional undertaking to pay a certain sum of money freely transferable from one person to another

An instrument in writing containing an unconditional undertaking to pay a certain sum of money to a certain person or the order of a certain person (correct)

<p>Bank drafts, certificates of deposit, commercial paper, Treasury bills, share warrants &amp; dividend warrants</p> Signup and view all the answers

<p>A promissory note or bill of exchange or cheque which is payable either to order or to the bearer</p> Signup and view all the answers